AIRRvsPAVEETF Comparison
ETF 1
AIRR
First Trust RBA American Industrial Renaissance ETF
This fund is part of
Infrastructure
-0.03%
VS
First Trust RBA American Industrial Renaissance ETF (AIRR) and Global X U.S. Infrastructure Development ETF (PAVE) belong to the same industry segment: Infrastructure. AIRR's top 3 sector exposures are Industrials, Financials and Consumer Discretionary. In contrast, PAVE's top sector exposures are Industrials, Materials and Utilities. AIRR is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.47% for PAVE. AIRR is up 26.34% year-to-date (YTD) with +$1.44B in YTD flows. PAVE performs worse with 17.73% YTD performance, and +$1.32B in YTD flows. Run a side-by-side ETF comparison of AIRR and PAVE below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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AIRR vs PAVE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AIRR PAVE | +10.66%+12.96% | +10.49%+9.96% | +26.34%+17.73% | +77.47%+49.56% | +172.92%+109.48% | +200.09%+123.34% |
| Flows | AIRR PAVE | +$455M+$250M | +$1.18B+$1.06B | +$1.44B+$1.32B | +$3.39B+$1.96B | +$6.28B+$3.87B | +$6.36B+$4.74B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AIRR PAVE | +30.23%+23.61% | +24.72%+18.61% | +25.44%+20.38% | +25.01%+21.93% |
| Max drawdown | AIRR PAVE | -13.03%-11.91% | -13.03%-11.91% | -27.84%-26.27% | -27.84%-26.27% |
| Max drawdown duration | AIRR PAVE | 50d59d | 50d59d | 239d239d | 239d239d |
Trading data
AIRR | PAVE | |
Last sale 4/28/2026 at 1:30 PM | $123.59 | $55.73 |
| Previous close 04/27/2026 | $125.65 | $56.27 |
| Consolidated volume 04/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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AIRR | PAVE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/28/2026 at 1:30 PM
Live
Closed
AIRR | PAVE | |
|---|---|---|
| Last price | $123.59 | $55.73 |
| 1D performance | -1.64% | -0.96% |
| AuM | $9.81 B | $13.12 B |
| E/R | 0.7% | 0.47% |
Characteristics
AIRR | PAVE | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Global X |
| Benchmark | Richard Bernstein Advisors American Industrial Renaissance Index | Indxx U.S. Infrastructure Development Index |
| N° of holdings | 49 | 91 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 10, 2014 | March 6, 2017 |
| ESG | No | No |
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Exposure
Countries
AIRR
USA
99.85%
Other
0.15%
PAVE
USA
87.88%
Ireland
9.93%
Other
2.2%
Sectors
AIRR
Industrials
83.39%
Financials
7.93%
Other
8.68%
PAVE
Industrials
68.61%
Materials
19.86%
Other
11.53%
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Diversification
AIRR
Total weight of top 15 holdings out of 15
51.56%
PAVE
Total weight of top 15 holdings out of 15
46.17%
Top 15 holdings
Data as of March 31, 2026
AIRR
ARGAN
5.02%
MICHAEL STORES
4.72%
COMFORT SYSTEMS USA
4.24%
STERLING INFRASTRUCTURE INC
4.01%
EMCOR GROUP
3.57%
PRIMORIS SERVICES
3.45%
BWX TECHNOLOGIES INC
3.19%
SAIA
3.13%
US78473E1038
3.11%
DYCOM INDUSTRIES
3.08%
HUNTINGTON INGALLS INDUSTRIES
3.05%
CH ROBINSON WW
3.03%
CORE & MAIN
2.83%
OWENS CORNING
2.69%
CLEAN HARBORS
2.44%
PAVE
QUANTA SERVICES
3.59%
SEMPRA ENERGY
3.54%
CSX
3.50%
DEERE
3.34%
TRANE TECHNOLOGIES PLC
3.26%
UNION PACIFIC U
3.25%
EATON CORP PLC
3.24%
HOWMET AEROSPACE INC
3.23%
FASTENAL
3.17%
NORFOLK SOUTHERN
3.07%
PARKER HANNIFIN
2.88%
EMERSON ELECTRIC
2.58%
ROCKWELL AUTOMAT
2.58%
CRH PLC
2.58%
UNITED RENTALS
2.35%
Frequently asked questions about AIRR and PAVE
How have the AIRR and PAVE ETFs performed in 2026?
As of April 24, 2026, AIRR is up 26.34% year-to-date (YTD), while PAVE has returned 17.73%. That puts AIRR better performer ahead so far this year.
Which ETF is attracting more investor money: AIRR or PAVE?
Year-to-date, the AIRR ETF saw +$1.44B in flows, compared to +$1.32B for PAVE.
Which ETF is more volatile: AIRR or PAVE?
Over the past year, AIRR had a volatility of 24.72%, while PAVE experienced 18.61%.
Which ETF is bigger: AIRR or PAVE?
As of April 24, 2026, AIRR holds $9.81 B in assets under management (AUM), while PAVE manages $13.12 B.
What sectors do the AIRR and PAVE ETFs invest in?
AIRR leans toward sectors like Industrials and Financials. Meanwhile, PAVE focuses on Industrials and Materials.
What are the top holdings of the AIRR ETF and PAVE ETF?
AIRR top holdings include ARGAN, MICHAEL STORES and COMFORT SYSTEMS USA. PAVE holds in its top three: QUANTA SERVICES, SEMPRA ENERGY and CSX.
Which ETF is more diversified: AIRR or PAVE?
AIRR holds 52 securities with 51.56% of its assets in the top 15. PAVE has 99 securities and a top 15 weight of 46.17%.
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Latest news about AIRR & PAVE
Notable ETF Filings Recap: March 2024
April 3, 2024
PAVE
How to Obtain Real Asset Exposure by Investing in Infrastructure ETFs
December 14, 2023
PAVE
How US Infrastructure Can Benefit Your Portfolio
April 3, 2023
PAVE
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